[sp527]

I find it amazing that there’s any reasonably intelligent person left in the world who can so dramatically underestimate the wanton interventionism of the Chinese government.

Every packet in and out of that country is monitored. The state can and will impose any arbitrary regulation on any corporation at any time. People literally disappear if they start making too much noise.

And now, entities within the country are amassing a substantial and effectively unassailable combined position in a major new asset class and possible alternative monetary system, and you think the Chinese government WON’T one day manipulate that to their own advantage?